Stepout drilling returns wide copper-gold values at Kemess

A 17-hole drill program on the South Kemess property in the Toodoggone district of British Columbia continues to return wide intersections of copper- gold mineralization. El Condor Resources (VSE) and Kennecott Corp., through a 40-60 joint venture, can earn a 60% interest in the property by spending $1.1 million. The Kemess property is currently 75% owned by St. Phillips Resources (VSE) with the balance held by a private company.

The recent holes were drilled at 100-metre stepouts from the five holes drilled this summer, all of which intersected copper-gold mineralization over wide widths. From To Interval Gold Copper Hole (metres) (metres) (metres) (grams/tonne) (%) 90-06 11.28 173.00 161.72 0.83 0.31 173.00 196.00 23.00 0.19 0.14 90-07 15.24 123.00 107.76 0.61 0.23 123.00 178.92 55.92 0.10 0.08 90-08 6.09 174.00 167.91 0.44 0.20 174.00 193.24 19.24 0.11 0.13 90-09 pending 90-10 5.18 103.00 97.82 0.49 0.21 103.00 119.48 16.48 0.04 0.01 90-11 6.10 62.00 55.90 0.91 0.37 62.00 75.29 13.29 0.13 0.12